NewEdge Advisors LLC Acquires 21,418 Shares of Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF $GGUS

NewEdge Advisors LLC boosted its stake in shares of Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF (NYSEARCA:GGUS) by 172.9% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 33,808 shares of the company’s stock after acquiring an additional 21,418 shares during the quarter. NewEdge Advisors LLC owned approximately 0.51% of Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF worth $1,960,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Keebeck Wealth Management raised its stake in shares of Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF by 15.2% in the first quarter. Keebeck Wealth Management now owns 55,203 shares of the company’s stock worth $3,201,000 after acquiring an additional 7,292 shares during the last quarter. Cetera Investment Advisers grew its stake in shares of Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF by 5.7% during the first quarter. Cetera Investment Advisers now owns 134,681 shares of the company’s stock valued at $7,809,000 after purchasing an additional 7,235 shares during the last quarter. Cornerstone Planning Group LLC bought a new stake in shares of Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF during the first quarter valued at approximately $75,000. Bank of New York Mellon Corp increased its holdings in shares of Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF by 19.1% in the first quarter. Bank of New York Mellon Corp now owns 17,419 shares of the company’s stock valued at $1,010,000 after purchasing an additional 2,796 shares in the last quarter. Finally, Sanctuary Advisors LLC increased its holdings in shares of Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF by 28.9% in the first quarter. Sanctuary Advisors LLC now owns 5,124 shares of the company’s stock valued at $297,000 after purchasing an additional 1,150 shares in the last quarter.

Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF Price Performance

GGUS stock opened at $68.37 on Friday. The company has a 50 day moving average price of $66.26 and a 200 day moving average price of $63.97. Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF has a fifty-two week low of $55.70 and a fifty-two week high of $69.46. The stock has a market capitalization of $458.08 million, a PE ratio of 35.28 and a beta of 1.18.

Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF Company Profile

The Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF (GGUS) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks an index of US large- and mid-cap stocks selected from the Russell 1000 Index with the highest growth characteristics based on Russells style methodology. GGUS was launched on Nov 28, 2023 and is issued by Goldman Sachs.